European stocks saw a modest rise on Wednesday, driven by positive corporate earnings reports. However, gains were tempered by weakness in oil and metal prices, and investors remained cautious ahead of Federal Reserve Chair Jerome Powell’s second day of testimony, seeking further clues on interest rate policy. Market Performance and …
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Oil, Crude, trading
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japanese-yen
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Oil, Crude, trading
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As anticipated, US crude oil futures experienced a significant decline, reaching our initial bearish target of 81.60 and currently trading around $81.15 per barrel. The technical outlook suggests the potential for further downside movement. Key Technical Signals: Psychological Support Breakdown: A break below the psychological support level of 82.00 would …
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The EUR/USD pair has been trading within a narrow range, confined between the support level of 1.0800 and the pivotal resistance at 1.0840. Technical analysis indicates a potential for a bullish breakout, but caution is warranted. Key Technical Signals: Support Level: The pair has found solid support near the psychological …
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Oil, Crude, trading
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japanese-yen
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Oil, Crude, trading
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WTI crude oil experienced negative trading in the previous session, initiating a downward correction and touching the psychological support level of 82.00. The technical outlook now leans towards further downside potential. Key Technical Signals: Breakdown of 82.70: A confirmed break below the 82.70 level, coupled with negative pressure from the …
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